Turnkey Mixed-Use Property in New
307 FLAGLER AVENUE #101 New Smyrna Beach, FL 32169
307 FLAGLER AVENUE #101, New Smyrna Beach, FL, 32169
$1,575,000
For Sale
$1,575,000
Rare opportunity: bar, restaurant, gift shop, and residential unit.
Property Size2,990 SF
Lot Size0.01 Acres
Price / SF$526.76
Days on Market301
Property Features for 307 FLAGLER AVENUE #101
General Information
- Standard status
- Active
- Size
- 2,990 SF
- Lot size
- 0.01 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 2002
Listing Agency
ROSE PROPERTY MANAGEMENT INC
(407) 442-0291
Listed by
ROXANNE ROSE · License #3249905
Source
Corcoran
Added: Sep 20, 2025 Checked: Jul 17 at 2:23 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ROSE PROPERTY MANAGEMENT INC
Investment Insights
Based on property information with market context.
This unique property, situated in the heart of New Smyrna Beach on historic Flagler Avenue, presents a turnkey opportunity. The property, comprised of five parcels, currently operates as a bar and grill, along with an upscale gift shop. Flagler Avenue is a busy street near one of Florida's most visited beaches, lined with shops, restaurants, and hotels. The property includes a total of 2990 square feet. The retail space, with frontage on Flagler Avenue, measures 1170 square feet. The restaurant space is 920 square feet and features a gas stove and hood system, refrigerator, prep station, and bar area with bar stools and tables. The bar also includes an ice machine and beer tap. The courtyard provides 900 square feet of covered seating. A residential unit is located on the second floor above the gift shop. This well-maintained, 1440-square-foot condo features an open floor plan with 3 bedrooms and 3 bathrooms, a covered balcony facing Flagler, and a covered rear patio overlooking the courtyard. The condo also includes an enclosed one-car air-conditioned garage. The residence is suitable for an owner or manager.
Key Highlights
- Prime location in the heart of New Smyrna Beach on historic Flagler Avenue, adjacent to a highly visited beach.
- Turnkey opportunity to operate a bar/grill and gift shop.
- Includes both commercial (restaurant and retail) and residential (3 bed, 3 bath condo) spaces.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $65.7k | $21.96 |
| − Vacancy | −$5.1k | −$1.71 |
| EGI | $60.5k | $20.25 |
| − OpEx | −$15.1k | −$5.06 |
| NOI | $45.4k | $15.19 |
2,990 SF · lease $21.96/SF/yr · vacancy 7.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$648.6K
$567.6K – $756.7K
NOI $45,404 @ 7.0% cap · market cap 2.88%
Second Best
Mixed Use
$527.6K
$461.7K – $615.6K
NOI $36,934 @ 7.0% cap · market cap 2.35%
Theoretical Best
Office A
$881.6K
$771.4K – $1.03M
NOI $61,714 @ 7.0% cap · market cap 3.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Bars & Pubs
Similar For Sale Nearby
Similar Off Market Nearby
- The Seashack — 491 E 3rd Ave, New Smyrna Beach, FL 32169
- Norwood's Restaurant & Treehouse Bar — 400 2nd Ave E, New Smyrna Beach, FL 32169
- Beachside Tavern — 690 E 3rd Ave, New Smyrna Beach, FL 32169
- Toni & Joe's Patio — 309 Buenos Aires St, New Smyrna Beach, FL 32169
- Casey's NSB — 1414 S Atlantic Ave, New Smyrna Beach, FL 32169
FAQs
What type of property is this?
Bar & Pub - Rare opportunity: bar, restaurant, gift shop, and residential unit.
Where is this bar & pub located?
The property is located at 307 FLAGLER AVENUE #101 New Smyrna Beach, FL.
What is the asking price?
The asking price for this property is $1,575,000.
What are key features of this property?
This property features: Prime location in the heart of New Smyrna Beach on historic Flagler Avenue, adjacent to a highly visited beach.; Turnkey opportunity to operate a bar/grill and gift shop.; Includes both commercial (restaurant and retail) and residential (3 bed, 3 bath condo) spaces.
